Citigroup Cuts Mid-America Apartment Communities (NYSE:MAA) Price Target to $143.00

Mid-America Apartment Communities (NYSE:MAA) had its price objective trimmed by Citigroup from $148.00 to $143.00 in a report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

MAA has been the topic of a number of other research reports. Colliers Securities lowered Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 9th. KeyCorp cut their target price on Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Truist Financial reduced their target price on Mid-America Apartment Communities from $142.00 to $136.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. BMO Capital Markets upgraded Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and raised their price target for the stock from $150.00 to $158.00 in a research report on Friday, January 9th. Finally, Wall Street Zen raised Mid-America Apartment Communities from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $147.67.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $129.27 on Wednesday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $15.05 billion, a P/E ratio of 39.17 and a beta of 0.77. Mid-America Apartment Communities has a 12-month low of $120.30 and a 12-month high of $164.81. The firm has a 50-day moving average price of $127.19 and a two-hundred day moving average price of $131.50.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 EPS for the quarter, topping the consensus estimate of $0.83 by $1.30. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The company had revenue of $553.73 million for the quarter, compared to analysts’ expectations of $555.75 million. During the same period last year, the firm earned $2.20 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. Analysts anticipate that Mid-America Apartment Communities will post 8.53 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th were given a $1.53 dividend. This represents a $6.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Wednesday, April 15th. Mid-America Apartment Communities’s payout ratio is currently 185.45%.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 711 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $124.73, for a total transaction of $88,683.03. Following the completion of the transaction, the executive vice president directly owned 4,471 shares in the company, valued at approximately $557,667.83. This represents a 13.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,039 shares of company stock worth $129,594 over the last quarter. Insiders own 0.60% of the company’s stock.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds and other institutional investors have recently made changes to their positions in MAA. Physician Wealth Advisors Inc. raised its holdings in Mid-America Apartment Communities by 65.2% in the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 75 shares during the last quarter. Values First Advisors Inc. grew its holdings in Mid-America Apartment Communities by 0.5% during the 1st quarter. Values First Advisors Inc. now owns 15,472 shares of the real estate investment trust’s stock worth $1,889,000 after acquiring an additional 82 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Mid-America Apartment Communities by 1.8% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,600 shares of the real estate investment trust’s stock valued at $643,000 after acquiring an additional 83 shares during the period. Blue Trust Inc. increased its position in Mid-America Apartment Communities by 9.6% in the 4th quarter. Blue Trust Inc. now owns 1,041 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 91 shares during the period. Finally, New Mexico Educational Retirement Board raised its stake in shares of Mid-America Apartment Communities by 1.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 5,400 shares of the real estate investment trust’s stock valued at $750,000 after acquiring an additional 100 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.